'City centre was full every day thanks to Christmas market'
Published On Jan 6, 2025, 7:03 PM
Christmas markets in cities like Bath and Bristol have seen a significant increase in foot traffic, drawing both tourists and locals as holiday shopping picks up. Footfall increased by 50% in market towns and 20% across high streets compared to previous years, indicating a resurgence in in-person shopping post-pandemic. Retail analysts attribute this growth to the festive atmosphere and people's desire for social outings while shopping. Independent shops, especially those selling unique or local goods, have benefited from the influx of visitors, with categories like board games performing particularly well due to their social nature. Major events like the German-style Christmas market and festive activities such as ice skating have also helped draw crowds, further boosting local economies.
Stock Forecasts
XLY
Positive
The growth in sales during the holiday season indicates that consumer spending is robust, especially in the retail sector. Businesses that capitalize on social experiences, such as markets and events, are likely to see continued growth. This trend could positively impact retail stocks and ETFs focused on consumer discretionary items.
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